Sinful Stocks

How Constellation Brands Overcame a 75% Sales Slump at Bars and Restaurants

Management recently told investors how it kept the beer business growing through unprecedented challenges.

3 Top Value Stocks to Buy in July

The first pick is Walt Disney (NYSE: DIS), a diversified entertainment company trading at an attractive discount because of the coronavirus pandemic. The second pick is Altria (NYSE: MO), a tobacco giant that has raised its dividend for five decades in a row. Walt Disney rides a fine line between value and growth.

6 Stocks to Wade Through the Spike in Coronavirus Cases

The current health scare drives market volatility and calls for investment in consumer staples, healthcare and IT sectors for stable returns.

Red Rock Resorts Strong on Las Vegas Operations, Costs High

Red Rock Resorts' (RRR) focus on Palace Station and Palms redevelopment projects bodes well. However, decline in traffic due to the coronavirus outbreak is concerning.

3 High-Yield Dividend Stocks That'll Double Your Money in a Decade

With reinvestment, only minimal to modest share price appreciation would be needed to double your money with these brand-name companies.

FDA Authorizes Marketing of the IQOS Tobacco Heating System as a Modified Risk Tobacco Product

Altria Group, Inc. (Altria) (NYSE: MO) announces today that the U.S. Food and Drug Administration (FDA) authorized the marketing of the IQOS tobacco heating system as a modified risk tobacco product with a reduced exposure claim. IQOS is the first next-generation inhalable tobacco product to be authorized as a modified risk tobacco product. Unlike cigarettes, the IQOS system heats but does not burn tobacco. Philip Morris USA (PM USA), under an exclusive licensing agreement with Philip Morris International (PMI), commercializes IQOS in the United States.

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  Philip Morris Gets FDA Approval to Market Its 'Heatsticks' as 'Reduced Exposure'

  Motley Fool
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  FDA Authorizes Marketing of IQOS Tobacco Heating System with 'Reduced Exposure' Information

  PR Newswire

FDA Authorizes Marketing of IQOS as a Modified Risk Tobacco Product

FDA Authorizes Marketing of IQOS as a Modified Risk Tobacco Product

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  Philip Morris Gets FDA Approval to Market Its 'Heatsticks' as 'Reduced Exposure'

  Motley Fool
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  FDA Authorizes Marketing of IQOS Tobacco Heating System with 'Reduced Exposure' Information

  PR Newswire

What Type Of Returns Would Philip Morris International's(NYSE:PM) Shareholders Have Earned If They Purchased Their SharesThree Years Ago?

For many investors, the main point of stock picking is to generate higher returns than the overall market. But its...

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  How Much Did Nielsen Holdings'(NYSE:NLSN) Shareholders Earn From Share Price Movements Over The Last Five Years?

  Simply Wall St.
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  If You Had Bought Dynavax Technologies (NASDAQ:DVAX) Shares A Year Ago You'd Have Earned133% Returns

  Simply Wall St.

Philip Morris Gets FDA Approval to Market Its 'Heatsticks' as 'Reduced Exposure'

In a potential win for international tobacco titan Philip Morris (NYSE: PM), the FDA approved its "heatsticks" and the associated electronic IQOS device for marketing as a "reduced exposure" tobacco product, offering reduced exposure to the substances found in ordinary cigarettes or cigars. The authorization lets Philip Morris advertise the items as safer "modified risk tobacco products," or MRTPs. Instead of involving actual combustion of tobacco leaves and preservative chemicals in a traditional smoking item such as a cigarette, the IQOS and heatstick system takes a different approach.

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  FDA Authorizes Marketing of IQOS as a Modified Risk Tobacco Product

  Business Wire
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  FDA Authorizes Marketing of IQOS Tobacco Heating System with 'Reduced Exposure' Information

  PR Newswire

Penn National Strategic Efforts Bode Well: Should You Hold?

Penn National's (PENN) focus on strategic partnerships and margin-improvement initiatives bode well. However, a decline in traffic due to the coronavirus outbreak is concerning.

Why Diageo Stock Fell 16.2% in the First Half of 2020

Shares of Diageo (NYSE: DEO) fell 16.2% over the first six months of 2020, according to data from S&P Global Market Intelligence, versus a 3% loss for the S&P 500 index. While the coronavirus pandemic ought to have benefited alcohol producers like distiller Diageo, which owns the best-selling Scotch whisky brand Johnnie Walker, the required closure of bars, restaurants, and nightclubs removed a large swath of its business. Analysts say spirits like Scotch whisky are more apt to be consumed in those kinds of premises than at home, where beer and other alcoholic beverages like hard seltzer have a better chance of success.

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  5 Keys To Investing In The Second Half Of 2020

  Benzinga
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  Why Energy Giants Chevron, ExxonMobil, and Enterprise All Lost at Least 25% in the First Half of 2020

  Motley Fool

Why Anheuser-Busch InBev Tumbled 39.7% in the First Half of 2020

Shares of Anheuser-Busch InBev (NYSE: BUD) fell 39.7% over the first six months of 2020, according to data from S&P Global Market Intelligence, versus a 3% loss for the S&P 500 index. Part of Anheuser-Busch's problem is that beer consumption remains on the decline in the U.S. Consumer preferences overseas aren't shifting so dramatically, but the domestic market is the company's largest. While the brewer is participating in the hard seltzer trend — one of the fastest-growing segments in alcohol — it trails far behind the category's leaders, like Mark Anthony Brands' White Claw and Boston Beer's Truly.

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  5 Keys To Investing In The Second Half Of 2020

  Benzinga
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  Why Energy Giants Chevron, ExxonMobil, and Enterprise All Lost at Least 25% in the First Half of 2020

  Motley Fool

Why Boston Beer Stock Has Soared 42% So Far in 2020

What happened Boston Beer (NYSE: SAM) shareholders are trouncing the market this year. Their stock jumped 42% compared to a 4% decline in the S&P 500 through the end of June, according to data provided by S&P Global Market Intelligence.

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  5 Keys To Investing In The Second Half Of 2020

  Benzinga
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  Why Energy Giants Chevron, ExxonMobil, and Enterprise All Lost at Least 25% in the First Half of 2020

  Motley Fool

GSK to develop plant-based COVID-19 vaccine with Canada's Medicago

Rather than developing its own vaccine in the global race to combat the pandemic, GSK has instead focused on contributing its adjuvant technology to at least seven other global companies, including Sanofi <SAY.PA> and China's Clover. The latest deal, with Canadian firm Medicago, uses plant-based technology that differs from GSK's other coronavirus-partnerships and boosts the London-listed company's chances of finding a successful candidate and scaling production relatively quickly. There are no approved vaccines for the respiratory illness caused by the new coronavirus, but 19 vaccines are being trialled in humans globally and some treatments, such as Gilead's <GILD.O> remdesivir, have been approved in certain regions.

This VC firm predicted big cannabis would shrink. What happens next?

Many of the largest cannabis players were having a tough 2020 before the economic wallop of COVID-19.

2 Top Stocks for Retirees

First up is General Mills (NYSE: GIS). While some industries' revenues evaporated, General Mills accelerated its growth. For fiscal 2020, the General Mills pet food segment grew 18%, tripling the overall company's pace, and there is reason to believe that can continue.

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  Has Alamos Gold (AGI) Outpaced Other Basic Materials Stocks This Year?

  Zacks
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  Is 1800 FLOWERS.COM (FLWS) Stock Outpacing Its Retail-Wholesale Peers This Year?

  Zacks

Were Hedge Funds Right About Piling Into Wynn Resorts, Limited (WYNN)?

Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the first quarter. You can find articles about an individual hedge fund's trades on numerous financial […]

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  Do Hedge Funds Love Brady Corp (BRC)?

  Insider Monkey
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  Is Live Oak Bancshares Inc (LOB) Going to Burn These Hedge Funds?

  Insider Monkey

MGM Resorts International And GVC Holdings Commit To Second Round Of Investment In US Sports Betting And Online Gaming Platform BetMGM

ROAR Digital, LLC ("ROAR" or the "Company") – the US sports betting and online gaming company operating as BetMGM and owned jointly by MGM Resorts International (NYSE: MGM) ("MGM Resorts") and GVC Holdings (LSE: GVC) ("GVC") – announced today that its shareholders have committed to a second round of investment, bringing the total to $450 million. This increase follows MGM Resorts' and GVC's total initial commitment of $200 million and underpins their commitment to BetMGM becoming a leading player in the rapidly growing US sports betting and iGaming markets. These two rounds of investment provide the Company with over $370 million of investable capital at present.

Wynn Las Vegas Named Best Hotel In Las Vegas By Travel + Leisure Magazine

Wynn Las Vegas (Nasdaq: WYNN) has been ranked the No. 1 hotel in Las Vegas on the Travel + Leisure 2020 World's Best Awards list honoring the top hotels, travel destinations, and companies worldwide, as rated by its readers. This year marks the first time that Las Vegas has received its own city-specific list in the Award's 25-year history.

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  Travel + Leisure Readers Give San Miguel De Allende a Reason to Celebrate as It Ranks In World's Best Awards

  PR Newswire
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  The 5 U.S. Airlines With the Best Customer Service, According to T+L Readers

  vs Travel and Leisure Videos

Philip Morris Scores FDA Approval For ‘Modified Risk’ Labeling

The U.S. Food and Drug Administration has now authorized the marketing of Philip Morris International’s (PM) “IQOS Tobacco Heating System” as modified risk tobacco products (MRTPs). Shares in PM rose 3.3% in Tuesday’s trading.This marks the second set of products ever to be authorized as MRTPs and the first tobacco products to receive “exposure modification” orders- which permits the marketing of a product as containing a reduced level of or exposure to a substance or as being free of a substance when the issuance of the order is expected to benefit the health of the population.PM will still need to conduct postmarket surveillance and studies to determine whether the MRTP orders continues to be appropriate, including assessing the potential for increased use among youth.“Through the modified risk tobacco product application process, the FDA aims to ensure that information directed at consumers about reduced risk or reduced exposure from using a tobacco product is supported by scientific evidence and understandable,” said Mitch Zeller, director of the FDA’s Center for Tobacco Products.“Data submitted by the company shows that marketing these particular products with the authorized information could help addicted adult smokers transition away from combusted cigarettes and reduce their exposure to harmful chemicals, but only if they completely switch.”The IQOS Tobacco Heating System includes the electronic IQOS device that generates a nicotine-containing aerosol by heating tobacco-filled sticks wrapped in paper, specifically Marlboro Heatsticks, Marlboro Smooth Menthol Heatsticks and Marlboro Fresh Menthol Heatsticks.The FDA previously authorized the marketing of these products without modified risk information in April 2019.Shares in PM are currently trading down 14% year-to-date, and analysts have a cautiously optimistic Moderate Buy consensus on the stock’s outlook. This is with a $79 average analyst price target (8% upside potential). (See Philip Morris stock analysis on TipRanks).“We view today’s ruling as an important step forward on the risk continuum that could give IQOS some advantage in aiding consumers to fully switch to IQOS from cigarettes or vapor products. Remember that today’s order will also benefit Altria (MO), which will be selling IQOS in the US. The FDA did stress however that these products are not considered safe or FDA approved” noted Bank of America following the announcement.Related News: Facebook Quietly Testing Instagram Reels In India- Report AMC Pops 12% In After-Market Amid Report Of New Restructuring Deal Avalon Cancels 27 Of Boeing 737 Max Aircraft Order More recent articles from Smarter Analyst: * Avolon Cancels 27 Of Boeing 737 Max Aircraft Order * TechnipFMC Spikes 11% After-Hours On $1B+ Egypt Contract * AMC Pops 12% In After-Market Amid Report Of New Restructuring Deal To Avert Bankruptcy * Synaptics Snaps Up AVGO Wireless IoT Rights; Analyst Upgrades Stock

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  Philip Morris Gets FDA Approval to Market Its 'Heatsticks' as 'Reduced Exposure'

  Motley Fool
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  FDA Authorizes Marketing of IQOS Tobacco Heating System with 'Reduced Exposure' Information

  PR Newswire

5 Companies Owned by MO

UST, John Middleton, Burger Söhne Holding AG, Juul, and Cronos Group are major companies owned by Altria.

• Smoking’s Lockdown-Driven Increase Is Already Over. That’s Bad News for Altria Stock.

  Barrons.com
• Altria Downgraded at Barclays on Loss of Market Share

  TheStreet.com